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03 May

In summary, the implications of ‘knocking off’ the zeroes from the kwacha are mainly threefold: (1) The kwacha becomes more expensive relative to other currencies.(2) Exports from Zambia become more expensive in international markets.Its value with respect to other currencies is being increased.The United States dollar will be taken as an example because of its universal use.

This makes locally produced goods less competitive on the international scene and may suffocate local industries.Before effecting such a decision, about K5000 =

This makes locally produced goods less competitive on the international scene and may suffocate local industries.

Before effecting such a decision, about K5000 = $1.

However, after implementation of the revaluation about K5 will be needed to obtain$1.

The unsurprising question on most Zambian’s minds will be; what does that mean for me?

Let us now explore some of the pros and cons of effecting such a decision.

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This makes locally produced goods less competitive on the international scene and may suffocate local industries.Before effecting such a decision, about K5000 = $1.However, after implementation of the revaluation about K5 will be needed to obtain$1.The unsurprising question on most Zambian’s minds will be; what does that mean for me?Let us now explore some of the pros and cons of effecting such a decision.

.However, after implementation of the revaluation about K5 will be needed to obtain

This makes locally produced goods less competitive on the international scene and may suffocate local industries.

Before effecting such a decision, about K5000 = $1.

However, after implementation of the revaluation about K5 will be needed to obtain$1.

The unsurprising question on most Zambian’s minds will be; what does that mean for me?

Let us now explore some of the pros and cons of effecting such a decision.

||

This makes locally produced goods less competitive on the international scene and may suffocate local industries.Before effecting such a decision, about K5000 = $1.However, after implementation of the revaluation about K5 will be needed to obtain$1.The unsurprising question on most Zambian’s minds will be; what does that mean for me?Let us now explore some of the pros and cons of effecting such a decision.

.The unsurprising question on most Zambian’s minds will be; what does that mean for me?Let us now explore some of the pros and cons of effecting such a decision.